Professional Documents
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FAMOUS PROPERTIES
DIANA MIREL IS
City governments have a lot of on their plates ensure a smooth transition of the space.
A CONTRIBUTING
WRITER FOR in today's volatile political and economic "City governments are not usually landlords
JPM^. IF YOU environment. Juggling everything from with third-party tenants, so that was the biggest
HAVE OUESTIONS
REGARDING
balancing budgets to recovering from natural challenge at the beginning," said Larson. "I
THIS ARTICLE disasters, running a major U.S. city is more than worked with them to help them understand that
OR YOU ARE AN
full time job. And yet, the city of Tulsa recently when you have tenants paying rent, they are your
IREM MEMBER
INTERESTED IN added becoming a landlord to its list of duties. customers, so their needs are e.scalated. There is
WRITING FOR In 2008, under the leadership of former Mayor a timeline for responding that is expected in a
JPM^PLEASE
E-MAIL MARIANA
Kathy Taylor, the city purchased One Technology Class A facility."
TOSCAS NOWAK Center as a way to consolidate employees and
AT MNOWAK
assets from five separate locations into a new GOING PUBLIC
IREM.ORG.
City Hall. In taking ownership of this building, One of the tenants' biggest concerns was that
the city also became the landlord to three the building was changing from a private office
corporate tenants. building into a public space.
Mayor Taylor saw this opportunity as a way "They were wondering if there would be
to improve efficiencies within city government people just wandering around the building once
by having as many city functions as possible it was opened for business for the public," .said
THE $224 MILLION,
in one building. She recognized that this move Larson.
15-FLOOR,
TECHNOLOGICALLY would also help improve occupancy rates and To assuage these concerns, Larson worked
ADVANCED
create economic development throughout the closely with Tulsa's chief of security and
BUILDING IS
INNOVATIVE EVEN city in the office spaces the city had previously maintained open communication with the
AFTER 10 YEARS. occupied. For instance, the former City Hall tenants.
was purchased by an investment company that "We had multiple meetings with them before
is redeveloping the property into a hotel located the city moved in so everyone understood what
near the city's new arena. the process was," she said.
Further, the new City Hall has helped Certain areas within the property restrict
rejuvenate the central business district. public entry, and there are access controls
"I can see a difference in the amount of foot on every floor. To further create separation
traffic in this area," said Tawnie Larson, CPM, between the tenants and the public, the city
the CB Richard Ellis senior real estate manager created two separate entries into the building: a
for One Technology Center. "It used to be slow public entrance and a tenant entrance.
around here over lunch and before and after
work, but it has picked up now. It has been a TEN YEARS YOUNG
revitalization of this area." When it was built 10 years ago by the Williams
Of course, becoming a landlord to Class A Companies as the headquarters for Williams
office tenants is not an easy job. Maintaining that Communications (WilTell), the property
Class A distinction was incredibly important to was a 15-floor high-tech, fiber-optic digital
the building's corporate tenants. CB Richard communications powerhouse, with a $224
Ellis was hired to manage the property and to million price tag. The all-glass building was a